Stryker beat industry analysts and reported $1.39 earnings per share in the third quarter, a 11.2 percent year-over-year improvement , but what's next for the orthopedic device maker?
Here are four things Market Realist thinks you should know.
1. Analyst ratings vary over Stryker. Of 26 brokerage companies, 16 labeled Stryker a "buy," eight labeled it a "hold" and two labeled it a "sell."
2. The 12-month outlook for Stryker estimates it'll trade at $127.10 this time next year. As of Nov. 17, 2016, Stryker was trading at $110.70.
3. The company believes President-elect Donald Trump (R) will benefit the medical device industry, predicting that Mr. Trump will repeal the current 2.3 percent medical device tax. The company also stated that the future of the ACA will have little impact on its business.
4. Stryker has aligned itself with four core strategies going forward: business unit specialization, acquisitions, international growth and cost transformation.
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